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850 Sligo Ave
Silver Spring, MD 20910
Fenton Street Gateway · Office Property For Sale
Investment Highlights
- Southeast corner of Sligo Avenue and Fenton Street
- 80 multi-family units and 6,912 SF of ground floor retail
- Fully approved Silver Spring redevelopment of 82,941 SF
Executive Summary
This fully approved redevelopment opportunity in the heart of Silver Spring encompasses ±82,941 square feet and is positioned for a high-impact mixed-use project. Plans call for the development of 80 multifamily units complemented by 6,912 square feet of ground-floor retail, creating a vibrant, transit-oriented environment. The property is ideally located within walking distance of the Silver Spring Metro Station and the forthcoming Purple Line, enhancing accessibility and long-term value.
The project is shovel-ready, with approvals in place—buyers need only post bonds to secure the building permit. Additionally, the offering benefits from a rare 20-year full tax abatement, significantly improving projected returns.
For additional details or to request the full marketing package, please contact Ken Freeman at kenfreemanrealty@gmail.com or 347-245-6076.
The project is shovel-ready, with approvals in place—buyers need only post bonds to secure the building permit. Additionally, the offering benefits from a rare 20-year full tax abatement, significantly improving projected returns.
For additional details or to request the full marketing package, please contact Ken Freeman at kenfreemanrealty@gmail.com or 347-245-6076.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
33,573 SF
Building Class
C
Year Built
1965
Price
$4,900,000
Price Per SF
$145.95
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
3,783 SF
Slab To Slab
9’
Building FAR
1.68
Lot Size
0.46 AC
Zoning
CR - Commercial/ Residential
Parking
65 Spaces (2 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 13-00987137 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,166,733 |
Property Taxes
Parcel Number
13-00987137
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,166,733
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